The Department of Education must decrease state aid to general education funding to the school district in the following fiscal year by five hundred dollars for each full-time equivalent teacher employed in the school district if: (1) The school district does not increase the school district's average teacher compensation in accordance with § 13-13-73.6 ; or (2) The school district does not pay each full-time equivalent teacher a salary at least equal to the state minimum salary as defined in §
Required increase or minimum salary--Penalty--Waiver
— under GENERAL STATE AID TO SCHOOLS.